MIRA
INFORM REPORT
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Report Date : |
21.08.2012 |
IDENTIFICATION DETAILS
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Name : |
FRIT RAVICH SL. |
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Registered Office : |
C/ De Riudellots S/N Pol. Industrial Puig Tio, Macanet De La Selva,
17412 |
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Country : |
Spain |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1974 |
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Com. Reg. No.: |
B17023995 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Manufacturer of other food products |
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No. of Employees : |
682 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Spain |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Frit Ravich Sl.
C/ De Riudellots S/N Pol. Industrial Puig Tio
Macanet De La Selva, 17412
Spain
Tel: +(34) 972858008
Fax: +(34) 972859238
Web: www.fritravich.com
Synthesis
Employees: 682
Company Type: Private Independent
Incorporation Date: 1974
Auditor: Kpmg Auditores Sl
Financials in: USD
(Millions)
Fiscal Year End:
28-Oct-2011
Reporting Currency: Euro
Annual Sales: 170.5
1
Net Income: 3.3
Total Assets: 72.5
Business Description
Manufacture of other food products n.e.c.
Industry
Industry Food Processing
ANZSIC 2006: 1199 - Other Food
Product Manufacturing Not Elsewhere Classified
NACE 2002: 1589 - Manufacture
of other food products not elsewhere classified
NAICS 2002: 31199 - All Other
Food Manufacturing
UK SIC 2003: 1589 - Manufacture
of other food products not elsewhere classified
US SIC 1987: 2099 - Food
Preparations, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Viader Codina Judith |
Managing Director, Marketing Director |
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Ruiz - Dana Cristina Serra |
Financial Director |
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Rosa Codina Rosell |
Joint Manager |
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Sanchez Gallardo Luis Miguel |
Chief Buyer |
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Narcis Bosacoma |
Technical Manager |
Registered No.(ESP): B17023995
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7185636
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7054176
Corporate Overview
Location
C/ De Riudellots S/N Pol. Industrial Puig Tio
Macanet De La Selva, 17412
Spain
Tel: +(34) 972858008
Fax: +(34) 972859238
Web: www.fritravich.com
Sales EUR(mil): 122.5
Assets EUR(mil): 51.2
Employees: 682
Fiscal Year End: 28-Oct-2011
Industry: Food
Processing
Incorporation Date: 1974
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(ESP): B17023995
Managing Director,
Marketing Director: Viader
Codina Judith
Contents
· Industry Codes
Business
Description
Financial
Data
Branch
Offices
Key
Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1199 - Other Food Product Manufacturing Not Elsewhere Classified
NACE 2002 Codes:
1589 - Manufacture of other food products not elsewhere classified
NAICS 2002 Codes:
31199 - All Other Food Manufacturing
US SIC 1987:
2099 - Food Preparations, Not Elsewhere Classified
UK SIC 2003:
1589 - Manufacture of other food products not elsewhere classified
Business
Description
Manufacture of other food products n.e.c.
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Executive report
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Board of Directors |
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Joint Manager |
Director/Board Member |
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Executives |
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Managing Director, Marketing Director |
Managing Director |
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Joint Manager |
Administration Executive |
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Joint Manager |
Administration Executive |
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Financial Director |
Finance Executive |
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Technical Manager |
Engineering/Technical Executive |
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Commercial Manager |
Commercial Executive |
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Production Manager |
Manufacturing Executive |
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Chief Buyer |
Merchandise Management Executive |
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Annual Profit & Loss
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Charges |
160.5 |
155.9 |
164.4 |
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Stock Reduction |
- |
- |
0.1 |
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Supplies |
111.0 |
102.2 |
110.4 |
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Goods Consumption |
45.9 |
43.3 |
45.8 |
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Consumption of Raw
Materials |
64.7 |
58.7 |
64.4 |
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Miscellaneous External
Expenditures |
0.4 |
0.2 |
0.2 |
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Staff Costs |
28.4 |
29.9 |
30.2 |
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Wages and Salaries |
22.1 |
23.4 |
23.6 |
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Social Security Costs |
6.3 |
6.5 |
6.6 |
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Depreciation |
2.9 |
3.5 |
3.9 |
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Allowance for Trade Operations |
0.2 |
1.9 |
0.0 |
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Stock Provision
Variation |
0.3 |
0.4 |
-0.1 |
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Losses from Unrecovered
Receivables |
-0.1 |
0.8 |
0.1 |
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Variation of Other
Trade Provisions |
-0.1 |
0.7 |
0.1 |
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Other Operating Charges |
16.2 |
16.7 |
18.3 |
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External Services |
15.9 |
16.3 |
18.2 |
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Taxes |
0.1 |
0.1 |
0.1 |
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Other Operating
Expenses |
0.2 |
0.2 |
- |
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Operating Benefits |
4.4 |
3.0 |
1.6 |
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Financials and Similar Charges |
0.2 |
0.4 |
0.9 |
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Due to Other
Liabilities |
0.2 |
0.4 |
0.9 |
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Changes in Financial Investment Provisions |
0.0 |
0.1 |
- |
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Exchange Losses |
- |
0.2 |
0.2 |
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Net Financial Income |
0.0 |
- |
- |
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Profit From Ordinary Activities |
4.5 |
2.3 |
0.5 |
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Losses From Assets and Securities Portfolio |
- |
0.1 |
- |
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Extraordinary Expenses |
0.1 |
0.0 |
0.0 |
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Extraordinary Profit |
0.1 |
0.1 |
0.5 |
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Profit Before Taxes |
4.5 |
2.3 |
1.0 |
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Corporation Tax |
1.4 |
0.7 |
0.3 |
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Financial Year Result (Profit) |
3.1 |
1.6 |
0.7 |
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Income |
163.6 |
157.5 |
165.1 |
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Net Total Sales |
162.3 |
156.6 |
164.0 |
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Sales |
162.0 |
156.3 |
163.8 |
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Rendering of Services |
0.3 |
0.3 |
0.2 |
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Increase in Stocks |
0.6 |
0.2 |
- |
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Miscellaneous Operating Income |
0.3 |
0.4 |
0.5 |
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Auxiliary Income From
Current Management |
0.3 |
0.4 |
0.4 |
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Grants |
- |
0.0 |
0.1 |
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Income From Equity Investment |
- |
- |
0.0 |
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Third Parties |
- |
- |
0.0 |
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Income From Miscellaneous Interests |
0.1 |
0.0 |
0.1 |
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From Group Companies |
- |
- |
0.0 |
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Miscellaneous
Interests |
0.1 |
0.0 |
0.0 |
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Profit on Financial
Investment |
- |
- |
0.1 |
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Gains from Exchange Rate |
0.2 |
- |
- |
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Negative Financial Results |
- |
0.8 |
1.1 |
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Profit on Disposal of Assets |
0.0 |
- |
0.2 |
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Capital Grants Transferred to Profit and Loss |
0.2 |
0.2 |
0.4 |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Concessions, Patents,
Trademarks |
0.1 |
0.1 |
0.0 |
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Software |
0.3 |
0.4 |
0.4 |
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Payments on Account |
0.4 |
0.5 |
0.6 |
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Total Intangible Fixed Assets |
0.9 |
1.1 |
1.0 |
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Land and Construction |
15.0 |
16.5 |
16.3 |
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Technical
Installations and Machinery |
6.2 |
6.0 |
6.1 |
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Other Installations,
Tools, and Furniture |
0.5 |
0.5 |
0.5 |
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Tangible Fixed Assets
Under Construction |
0.1 |
0.1 |
0.4 |
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Other Tangible Assets |
2.1 |
2.0 |
2.1 |
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Total Tangible Fixed Assets |
24.0 |
25.1 |
25.4 |
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Investments in Group
Companies |
- |
- |
0.2 |
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Long-Term Guarantees and
Deposits |
0.1 |
0.1 |
0.0 |
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Financial Investments |
0.1 |
0.1 |
0.3 |
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Total Fixed Assets |
24.9 |
26.2 |
26.6 |
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Goods for Resale |
5.1 |
5.5 |
5.9 |
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Raw Materials and
Other Consumables |
9.0 |
9.7 |
8.6 |
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Goods in Process |
0.0 |
0.0 |
0.0 |
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Finished Products |
2.2 |
1.7 |
1.9 |
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Payments on Account |
0.1 |
0.3 |
0.3 |
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Total Stocks |
16.4 |
17.3 |
16.8 |
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Trade Debtors |
23.8 |
22.8 |
25.1 |
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Receivables, Group Companies |
- |
- |
0.5 |
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Other Debtors |
0.1 |
0.1 |
0.1 |
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Staff |
0.0 |
0.0 |
- |
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Public Bodies |
0.1 |
0.0 |
0.1 |
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Total Debtors |
23.9 |
22.9 |
25.8 |
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Receivables from Group
Companies |
- |
- |
0.4 |
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Total Short-Term Investments |
- |
- |
0.4 |
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Cash |
3.3 |
2.5 |
1.8 |
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Prepayments and Accrued Income |
0.1 |
0.0 |
0.1 |
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Total Current Assets |
43.7 |
42.8 |
44.8 |
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Total Assets |
68.6 |
69.0 |
71.4 |
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Legal Reserve |
0.0 |
0.0 |
0.0 |
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Miscellaneous Reserves |
22.4 |
22.6 |
20.1 |
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Total Reserves |
22.5 |
22.6 |
20.1 |
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Profit or Loss for the Financial Year |
3.2 |
1.7 |
0.7 |
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Total Equity |
27.0 |
25.7 |
22.2 |
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Capital Grants |
0.7 |
0.9 |
0.9 |
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Total Deferred Income |
0.7 |
0.9 |
0.9 |
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Loans and Other
Liabilities |
2.7 |
2.7 |
5.7 |
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Total Amounts Owed to Credit Institutions |
2.7 |
2.7 |
5.7 |
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Other Creditors |
0.7 |
0.9 |
1.5 |
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Long-Term Guarantees and
Deposits Received |
0.0 |
0.0 |
0.0 |
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Long-Term Payables to
Public Bodies |
1.3 |
0.5 |
0.6 |
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Total Other Creditors |
2.0 |
1.4 |
2.1 |
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Total Long Term Liabilities |
4.7 |
4.1 |
7.8 |
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Loans and Other
Liabilities |
4.9 |
4.9 |
6.6 |
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Total Amounts Owed to Credit Institutions |
4.9 |
4.9 |
6.6 |
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Amounts Owed to Group
Companies |
- |
- |
0.0 |
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Total Short-Term Amounts Owed to Group and
Associa |
- |
- |
0.0 |
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Advanced Payments from
Customers |
- |
- |
0.0 |
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Amounts Owed for
Purchases of Goods or Services |
27.4 |
26.6 |
27.1 |
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Total Trade Creditors |
27.4 |
26.6 |
27.1 |
|
Public Bodies |
2.3 |
1.5 |
1.0 |
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Miscellaneous Debts |
0.5 |
4.2 |
4.9 |
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Wages and Salaries Payable |
0.7 |
0.9 |
0.6 |
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Total Other Creditors |
3.5 |
6.6 |
6.6 |
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Provisions |
0.3 |
0.3 |
0.2 |
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Prepayments and Accrued Income |
0.0 |
- |
- |
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Total Short Term Creditors |
36.2 |
38.3 |
40.5 |
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Total Liabilities and Equity |
68.6 |
69.0 |
71.4 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared by
: |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.